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- More than 50% of the ETH supply is now staked, significantly reducing the liquid amount available on exchanges.
- Tron Inc. and other large entities are treating $0.28 TRX as a major entry point, aggressively padding their treasuries.
- Despite price stagnation, the RWA sector on Ethereum has surged 300% year-over-year, reaching a $17 billion valuation.
The mid-February 2026 market presents a striking contradiction for the two biggest “utility” blockchains. While TRON (TRX) and Ethereum (ETH) are struggling to break through heavy price resistance, their underlying networks are seeing unprecedented institutional commitment. For savvy observers, the “disconnect” between price action and on-chain growth has never been more obvious.
TRON Forms a Technical Floor Amid Treasury Buys
TRON has spent the last week hovering just above its “altcoin season” lows, but the charts are flashing signs of a potential reversal. After falling back to the $0.28 level, TRX appears to be carving out a classic double-bottom pattern—a setup that often precedes a bullish move.
Technically, the momentum is thin but growing. The MACD histogram has flipped green, and TRON’s ascending trendline on the 4-hour chart remains intact. However, the real story lies in the “smart money.” Tron Inc. has been aggressively expanding its treasury, recently acquiring over 177,000 TRX to bring its total holdings to 682 million tokens.
With stablecoin liquidity on the network remaining dominant—highlighted by $81 billion in USDT on TRON—the demand for TRX as a settlement layer remains a fundamental pillar that price charts haven’t fully priced in yet.
The Ethereum Paradox: Record Staking vs. Price Slump
Ethereum is currently a tale of two realities. On one hand, the network has reached a historic milestone: for the first time, over 50% of the total ETH supply is locked in the proof-of-stake contract. Over 80.95 million ETH has effectively been removed from the liquid market, acting as a massive supply sink.
Despite this, the price of ETH has stubbornly slipped below the psychological $2,000 mark. This “price-utility gap” is occurring even as Wall Street giants like BlackRock and JPMorgan scale their Real-World Asset (RWA) projects on the chain. With the RWA market on Ethereum crossing $17 billion this year, the long-term structural demand is hitting all-time highs while retail sentiment remains in “wait-and-see” mode.
Also Read: TRON at Risk? TRX Tests Critical $0.26 Support as Momentum Fades
Why This “Quiet” Accumulation Matters
We are witnessing a shift from speculative trading to institutional infrastructure. Whether it is Bitmine Immersion Technologies holding 4.37 million ETH or corporate treasuries stacking TRX, the “float” of available tokens on exchanges is shrinking.
While the short-term trend for both assets remains cautious—with TRON needing to break $0.32 and Ethereum needing to reclaim $2,000—the massive internal accumulation by large players suggests that the current “bargain prices” may not last once market momentum finally catches up to the fundamentals.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
